Moshiri had a significant stake in the Gunners when they were thumped by United in 2011, and he was at Stamford Bridge to witness his new club go down 5-0.

He said: “It was terrible. You know that I owned part of Arsenal before Everton and when they lost to Manchester United 8-2 I felt disappointed but Jesus the sheer pain of the loss against Chelsea on Saturday was immense.

“You just get numb. The pain was so much deeper than anything I experienced when Arsenal lost. As a majority shareholder you feel responsible. It is just unbearable.”

Chelsea player ratings v Everton

CHELSEA ran riot against Everton at Stamford Bridge this evening - so who particularly stole the show for Antonio Conte's side?

1 / 14

GETTY

Thibaut Courtois 6

GETTY

Yannick Bolasie arrived at Everton in the summer

Moshiri bought a 49.9 per cent stake in Everton in February and has set about getting the Toffees back to towards the top of the Premier League with new boss Ronald Koeman handed a £100m transfer kitty.

They spent £45m in the summer on Yannick Bolasie, Ashley Williams, Idrissa Gueye and Maarten Stekelenburg while Enner Valencia was brought in on loan.

But the club’s major shareholder believes they won’t be able to spend like the big boys until they get a new stadium and use the extra income to balance their books to keep within financial fair play rules.

GETTY

Ashley Williams was another summer purchase for Everton

“The way to compete is a big stadium”

Everton majority shareholder Farhad Moshiri

He added: “I think with the stadium the fans must know we have done the hard bit because the club was restricted to expand Goodison or to move by banking governance.

“So we paid the debts, we are free to do what we want. We have the finances to do it. In our mind we know where to go. We are committed.

“This is my key aim. We don’t have the flexibility that Chelsea and Man City had in the days prior to financial fair play.

“The way to compete is a big stadium – increasing merchandising, commercial income and we have no restriction to spend.”

But Moshiri will back Koeman in the January market if he feels he wants to add to his squad.

“The manager will strengthen the team in the areas he feels necessary,” he said.